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Europe's falling demand drops Sappi profits by 88%

Europe's falling demand drops Sappi profits by 88%

09 May 2013 10:17 - Kamlesh Bhuckory
Sappi, the world's biggest maker of glossy paper, says its second-quarter net income fell 88% as sales in its main market, Europe, weakened.
Sappi scores on cellulose demand

Sappi scores on cellulose demand

15 Feb 2013 00:00 - Teigue Payne
The forestry giant has expanded aggressively to make itself the world market leader.

Solidarity confirms further layoffs at Sappi

20 Dec 2011 13:09 - Staff Reporter
Trade union Solidarity confirmed having received four section 189 layoff notifications from Sappi, which affects about 959 employees.

Sappi job security on the line with restructuring

12 Dec 2011 14:35 - Andries Mahlangu
Paper group Sappi says the ongoing restructuring within its South African operations might include retrenchments at some of its production plants.

Sappi to rejig business, slash jobs

07 Oct 2011 13:34 - Olivia Kumwenda
Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.

Sappi shuts down Swiss mill

20 Jul 2011 14:57 - Staff Reporter
South African paper maker Sappi said on Wednesday it would close its entire Biberist Mill in Switzerland after failing to find a buyer.

Sappi to close PE mill

23 May 2011 21:28 - Staff Reporter
Sappi has started consulting labour about closing down its Adamas Mill in Port Elizabeth, the paper and packaging company said on Monday.

Sappi may close Switzerland mill on rising costs

31 Mar 2011 14:29 - Staff Reporter
South African paper maker Sappi said on Thursday it may close its Biberist mill in Switzerland due to tough market conditions.
Rich land, poor man

Rich land, poor man

04 Mar 2011 13:54 - Niren Tolsi
Angry northern KwaZulu-Natal communities feel BEE has not benefited them.

Sappi to sell stake to black investors

24 Mar 2010 09:35 - Staff Reporter
Listed paper manufacturer Sappi intends to sell about 4,5% of its issued share capital to black investors, the company said on Wednesday.

Sappi full-year profit drops, sees better 2010

09 Nov 2009 09:37 - Staff Reporter
Sappi, the world's largest maker of fine paper used in glossy magazines, reported on Monday a drop in full-year underlying operating profit.

Sappi reduces carbon footprint

26 Oct 2009 11:03 - Staff Reporter
Paper manufacturer Sappi said on Monday it has reduced its carbon footprint.

Jobs under threat as Sappi cuts costs at mills

31 Aug 2009 15:53 - Staff Reporter
About 400 jobs are under threat as Sappi Southern Africa consults employees on reducing costs and improving efficiency, the company said on Monday.

Union declares dispute with Sappi

21 Aug 2009 13:04 - Staff Reporter
Paper company Sappi has failed to improve worker conditions and implement "satisfactory" training plans for its workers, Ceppwawu said on Friday.

Sappi reports loss of $7-million

30 Jul 2009 12:33 - Staff Reporter
Sappi reported an operating loss of $7-million for the company's third quarter ending June 30, the paper manufacturer said on Thursday.

In the woods

13 Apr 2009 06:00 - Lynley Donnelly
If there is a company that has been badly affected by the economic maelstrom, it is paper giant Sappi, which lost 80% of its market value.

Sappi mulls cut in European fine-paper output

08 Jan 2009 11:51 - Staff Reporter
South Africa's Sappi is discussing plans to cut European fine-paper output by a further 25% in January on the back of falling demand.

Sappi shares slump after rights discount

07 Nov 2008 16:04 - Staff Reporter
Sappi on Friday launched a rights share offer at a discount of 65,2%, sending its shares tumbling more than 7%.

Sappi buys M-real graphic paper unit for $1,1bn

29 Sep 2008 09:47 - Staff Reporter
Struggling Finnish paper maker M-real will sell its graphic papers business to Sappi for €750-million, the companies said on Monday.

Sappi's June quarter operating loss $23m

31 Jul 2008 09:22 - Staff Reporter
South African-based pulp and paper producer Sappi on Thursday reported a basic loss per share of 28 United States cents for the quarter ended June.

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